Hifi is a decentralized finance protocol offering fixed-rate, fixed-term lending across Ethereum-based blockchains. Borrowers can take loans against their crypto without unexpected changes. The protocol’s performance is reflected in the amount of debt it provides lending services for. By trading tokenized debt, users can access fixed-rate lending and borrowing-broadening decentralized finance to support new collateral categories and real-world use cases. Ongoing ecosystem initiatives and partnerships are expected to widen the collateral types available to users.

Like many other decentralized finance platforms, Hifi relies on over-collateralization requirements. In practice, a borrower must supply more collateral than the loan value before minting hTokens. For well-known assets such as ETH, Hifi follows the industry standard of 150%, but the required margin for other collateral will vary based on multiple considerations: